Press release
Diabetic Nephropathy Market to Reach an expected value of USD 3,145.9 million in 2027
Diabetic Nephropathy Market 2022-2027
The Diabetic Nephropathy Market is bound to grow robustly in the years to come. With smart technology and 5G being increasingly adopted, the healthcare vertical is witnessing a paradigm shift. These technologies can thus increase the convenience quotient (CQ), as abysmal disruption happens in the patients' lives. This convenience quotient would be the trend running in the healthcare vertical shortly.
According to a new market report published by Persistence Market Research "Global Market Study on Diabetic Nephropathy Market - Asia to Witness Highest Growth by 2027,".The global diabetic nephropathy market was valued at USD 2,262.2 million in 2022 and is expected to grow at a CAGR of 5.6% from 2022 to 2027, to reach an expected value of USD 3,145.9 million in 2027.
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Diabetic nephropathy is a disease of the kidney glomerulus and one of the most significant complications in terms of mortality and morbidity for patients with diabetes. Globally, the diabetic nephropathy market is witnessing significant growth due to increasing prevalence of diabetes and obesity in different regions of the world.
In addition, increasing R&D investments in drug discovery and development and raising awareness about diabetes and kidney-related disorders are also driving the growth of the market. However, stringent regulatory requirements and longer approval time for drugs as well as the lack of comprehensive therapeutic management for diabetic nephropathy are inhibiting the growth of diabetic nephropathy market.
Some of the major players in the diabetic nephropathy market:
Novartis AG, Merck & Co., Inc.
Pfizer, Inc.
Abbott Laboratories.
Sanofi.
Eli Lilly.
Company.
Reata Pharmaceuticals, Inc.
Bayer AG, AbbVie, Inc.
Mitsubishi Tanabe Pharma Corporation.
Other
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In North America, various government programs are spreading awareness about diabetes and related renal complications. For instance, the National Kidney Disease Education Program, one of the major programs organized by the U.S. government, for increasing awareness about the various kidney diseases. In addition, the number of diabetic patients are also increasing in the region; according to the SciELO Public Health, approximately 35 million people were affected with diabetes mellitus in 2000 and this number is expected to reach 64 million by 2025 in North America.
In Europe, rise in healthcare expenditure for diabetes treatment and increasing prevalence of diabetes in the various part of Europe is boosting the growth of the European diabetic nephropathy market. According to IDF, approximately 55.4 million people had diabetes in 2010 and the number is expected to reach 66.5 million by 2030 in Europe. According to the IDF, healthcare expenditure for diabetes treatment was approximately USD 105.5 billion in 2010 and is expected to reach USD 124.6 billion by 2030 in Europe.
Asia represents the fastest growing region in the diabetic nephropathy market due to the rise in a diabetic population in various countries such as Japan and the Southeast Asian countries. According to the International Diabetes Federation (IDF), developing countries, such as India and China, are expected to have the highest number of diabetes mellitus patients compared to developed countries, such as the U.S. and Germany.
The global diabetic nephropathy market is segmented as follows:
Diabetic nephropathy market, by model of treatment
Disease Modifying Therapies
Angiotensin-Converting Enzyme Inhibitors
Angiotensin Receptor Blockers
Diuretics
Calcium Channel Blockers
Renin Inhibitors
Connective Tissue Growth Factor Inhibitors
Antioxidant Inflammation Modulator
Monocyte Chemoattractant Proteins Inhibitor
Endothelin-A Receptor Antagonist
G Protein-Coupled Receptors
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Key Questions Answered in the Diabetic Nephropathy Market Report
How is the Diabetic Nephropathy market expected to grow over the projected period?
What direction is the Diabetic Nephropathy market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Diabetic Nephropathy market in future?
What are the key market drivers in the Diabetic Nephropathy market?
What are significant opportunities and improvement areas for Diabetic Nephropathy manufacturers?
What are the key developments and trends taking over the Diabetic Nephropathy market?
Which are the emerging countries that are expected to create significant growth opportunities in the Diabetic Nephropathy market?
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PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against rep/uted organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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